External Auditors

Under its Articles of Association, SSAB has one or two external auditors, or one or two registered public accounting firms. The 2016 Annual General Meeting re-elected registered accounting firm PricewaterhouseCoopers for a further year.

Authorized public accountant Magnus Svensson Henryson has been principal auditor since 2012, and also signs off on the auditors of the listed company Industrivärden.

The external audit of the financial statements of the parent company and those of the Group, as well as management by the Board of Directors and the CEO, is conducted in accordance with International Standards on Auditing and Generally Accepted Auditing Practices in Sweden. The Company’s principal auditor attends all meetings of the Audit Committee. The auditor attends at least one Board meeting a year, goes through the audit for the year and discusses the audit with the directors without the CEO and other members of the company’s management being present. See Note 2 in Annual report > Financial reports for information regarding the auditor’s fees.